Being a dog owner can be very fun and rewarding. A dog can be a great companion, and protector, but dog owners also know that having a dog can be hard too. They don’t behave all the time. They get bored and curious, just like everyone else does. (more…)
By Patrick McNamee
Realtor, Century 21 Rainbow Realty
Laguna Woods Village, California
We have both types of homes in Laguna Woods Village, but very interestingly, they are many times the same floor plan! So you can buy a “Casa Linda” home as either a “Condo” or a “Co-op” but what are the differences in ownership?
Good Question! In Laguna Woods Village, a Co-op is not any easier or harder to sell than a Condo, it appriciates - or in this current market - depriciates - at the same rate as a Condo. You get the same benefits tax wise from ownership of either a Condo or a Co-op (i.e. - you can write off your mortgage interest and property taxes). The only difference is in Laguna Woods Village is the fact that you can only rent out a Co-op for 6 months out of the year, and you can rent a Condo year around. So if you are an investor, you would want to buy a Condo so you could rent it out. If this was going to be your primary residence, then purchasing a Condo or a Co-op would not be as big an issue. Please see my web site: www.leisureworldre.com to find out more information about our California Senior Community and the homes for sale here.
What exactly is a Co-op? The full term is ”Stock Cooperative” and they are a lot more popular back east where they have the brown stone buildings, in New York as an example.
The problem came up in the early to mid 19th century, how can we sell the units in a building? The question comes up, well who owns the land underneth the building? So what they did, was come up with an idea where the Corporation buys the building and then each apartment in the building gets stock in the Corporation based on his/ her ownership share. To make it simple, see the diagram above, if you have 4 apartments in the building, each apartment/ home would get 25% stock in the Corporation (4 x 25% = 100%)
What you actually get when you purchase a Co-op is a Stock Certificate instead of a Deed of Trust. Rest assured, it is just as valuable as a Deed of Trust and you can even get a loan on them - or do a reverse mortgage! Just like a Deed of Trust - getting financing is no problem!
You are wanting to invest in a work of art, but you’d like it to be functional as well? Have you considered buying an oriental rug? High quality Turkish rugs are beautiful and functional pieces of art that can really hold their value. Even better, you can find these rugs to fit most any budget. A large, well constructed handmade carpet can cost as much as four thousand dollars or more, while a small machine made area rug may be priced as low as forty or fifty dollars. If you have a large budget, an antique oriental rug is a wonderful investment. (more…)
Whether it’s our finances, job, or other problems that cause it, we all get stressed out at one time or another, but did you know that your cat can get stressed out as well? Every animal on the planet (including humans and cats) can get stressed out due to various internal and external factors. If you’re cat is stressed and you don’t know why, here is a list of some of the most common causes. (more…)
Bamboo flooring has become more popular recently because it is good for the environment and it is very durable. It is a good alternative to hardwood flooring. Bamboo is a kind of grass that grows in Southeast Asia and China. It is not as expensive as other flooring options but it is high in quality. (more…)
Your dog can be barking for numerous reasons, and it’s important that you understand the reasons your dog barks so you know for sure if it’s a dog barking problem. First you will need to know what normal dog barking is, and that would be: (more…)
There are a lot of different types of loan available to people of all walks of life. Some people think that their bad credit or poor job history will automatically prevent them from getting a loan. This is not the case. There are numerous companies out there who will do their best to work with you, regardless of credit history. (more…)
First of all, you must realize that a puppy has no idea what is right or wrong in this area. Remember that this is an animal, not a human being. When you bring that pup home (preferably at about 8 weeks of age), be prepared for accidents and the necessary cleanup that will ensue. (more…)
Doing a home remodeling Northern Virginia project can be as exciting as shifting to a new home. But once you decide on home remodeling in Northern Virginia there are a lot of choices and judgments to be made. Usually difficult options have to be made and this is the region where the delays generally happen. (more…)
Dog biting is a serious problem that is not being taken seriously anymore. There are thousands that are injured a year from an aggressive dog. As dog owners we have the responsibility of training our dogs not to bite or be aggressive in any other manner. Most people don’t know where to start. Well, here are some prevention tips, causes so you understand your pet, and solutions to help you and them live a safer life. (more…)
